Lleida.net and the international organization Smart Africa have signed a Memorandum of Understanding to cooperate in the digitization of all types of public processes through the use of the SaaS services belonging to the Spanish company.
The African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island state.
NAS renforce sa présence en Afrique grâce à un partenariat stratégique avec Siginon Aviation au Kenya
NAS a ajouté 16 nouveaux aéroports à son réseau en pleine croissance au cours de la dernière année.
In a country-first for Malawi, mobile money service provider TNM Mpamba has launched a Mastercard debit card, enabling its customers – even those without bank accounts – to make safe and seamless in-person and online digital payments on the Mastercard network.
A combination of NAS’s global presence and expertise in airport services with Siginon Aviation’s experience in Kenya will successfully strengthen the ground handling, ramp handling and cargo handling capabilities in the region, especially in East Africa.
Zoomcar, who dominates the car sharing market in India, has expanded to the MENA region and recently appointed Hany Olama as their country head in Egypt to help scale their car sharing marketplace.
BASF and Cargill expand partnership to develop innovative enzyme-based solutions for the animal feed industry
BASF and Cargill are expanding their partnership in the animal nutrition business, adding research and development capabilities and new markets to the partners’ existing feed enzymes distribution agreements.
Announced back in September 2019, the new Pakistan & East Africa Connecting Europe, PEACE, submarine cable has now landed on the shores of Marseille. It will connect Europe to Asia via East Africa.
alsoug, the digital classifieds and marketplace in Sudan, has announced the close of a $5 million fundraise to establish a national payments network enabling quick, easy and safe transactions for all Sudanese.
Morocco has officially unveiled its latest investment and export brand: ‘Morocco Now’, an initiative designed to position Morocco as a world-class industrial and export platform to accelerate foreign investments.
With this capital, Summit will direct investments to small and medium-sized enterprises (SMEs) in rural and peri-urban areas across South Africa, focusing on the education, healthcare, and financial services sectors.
Moderna, Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, has announced it will build a state-of-the-art mRNA facility in Africa with the goal of producing up to 500 million doses of vaccines each year at the 50 µg dose level.
Bolstering the organization’s footprint in Africa, Andersen Global enters a Collaboration Agreement with tax firm AccPro Accountants in Botswana.
Just weeks removed from announcing two strategic acquisitions that expanded its footprint into the Asia-Pacific market, Vantage Data Centers is breaking ground on a new data center campus in Johannesburg, South Africa.
A new initiative by the United Nations Economic Commission for Africa (ECA) is supporting African cities to measure their gross domestic product (GDP) – a vital economic well-being indicator.
Adanian Labs, a pan African venture studio has announced its partnership with EMURGO, the official investment arm of Cardano, blockchain to scale tech startups in Africa and grow the Cardano ecosystem.
With the interline agreements between the two carriers, passengers can book through their itineraries on both airlines easily. The partnership attracts more customers providing ease of connectivity to their destinations served by both Ethiopian and Airlink.
EBRD loans €6.2m to Compagnie Générale des Industries Alimentaires to promote Tunisia’s olive-oil sector
The European Bank for Reconstruction and Development (EBRD) is supporting olive-oil production in Tunisia with a €6.2 million loan to Compagnie Générale des Industries Alimentaires (COGIA SA).
Morocco is currently Africa’s first passenger car manufacturer. Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion exports made in the car industry at the end of 2018.
Volante Technologies, the global player in cloud payments and financial messaging, has announced a partnership with MDSL, a specialist in the integration of turnkey banking solutions in the Middle East, to enhance and automate banking payments in Egypt.
In November this year, leaders from around the world will gather in Glasgow for the UN Climate Change Conference to explore ways that governments, the private sector, and global institutions can promote sustainable development.
Oracle has announced plans to expand its cloud region footprint to support strong customer demand for Oracle Cloud services worldwide.
Red Lands is internationally recognized for its green horticultural practices that respect people and the environment. Financial terms of the transaction were not disclosed.
CDC is committing approximately $320 million initially and expects to invest up to a further $400 million over the next several years. The transaction is subject to certain final regulatory approvals.
Pan-African fintech startup Carbon partners with Network International to boost digital payment offering
Under the agreement, Network International will issue and process physical Visa debit cards on behalf of Carbon, enhancing the bank’s offering to customers.
The flights are operated on Wednesday, Friday and Saturday. Ethiopian is one of the oldest carriers flying to Nigeria and has been serving the country since 1960, strengthening trade, cultural and tourism ties between Nigeria and the rest of the world.
Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the COVID-19 pandemic with growth expected to expand by 3.3 percent in 2021. This is one percent higher than the April 2021 forecast according to the latest edition of Africa Pulse.
The Capital Markets Authority (CMA) extended the provisional licenses granted to four coffee brokers by a further 30 days from 30 September 2021, in line with the Capital Markets (Coffee Exchange) Regulations, 2020.
Ghanaian entrepreneur Roberta Annan launches €100m Impact Fund to invest in Africa’s creative industries
Ghanaian businesswoman and entrepreneur Roberta Annan launched a €100 million fund to channel investment into small and medium African creative and fashion enterprises in Africa.
The Government of The Arab Republic of Egypt, acting through the Ministry of Finance has announced the launch of its debut Syndicated ESG Term Loan and Islamic Term Financing Facility.
MTN Group announced the appointment of Benjamin Adekunle Awobodu as the new Chief Financial Officer (CFO) for Digital and Fintech.
Afreximbank's FEDA enters Joint Venture agreement with Gateway Partners to co-establish the Africa Credit Opportunities Fund
The Afreximbank announced that the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, has entered into a Joint Venture arrangement with Gateway Partners (Gateway) to co-establish the Africa Credit Opportunities Fund.
The Republic of Gabon became the 14th member state to deposit the instrument of ratification of the African Medicines Agency (AMA) to the AU Commission on 4th October 2021 after ratifying it on the 1st October 2021.
African Union partners with APO GROUP to Re-brand and Re-position Africa to the world at the Expo 2020 Dubai
The African Union has announced a partnership with the APO group to Re-brand and Re-position Africa to the world at the Expo 2020 Dubai, to be held from October 2021 to March 2022.
Les organisateurs de la Foire commerciale intra-africaine (IATF2021) ont rencontré les membres du secteur privé Ivoirien pour les sensibiliser et les encourager à participer au plus grand évènement sur le commerce et l’investissement en Afrique
The African Energy Chamber has entered into agreements with the Nigerian government in order to attract new investment into the nation's rich oil resources.
Customers of KCB Bank Kenya, the Diamond Trust Bank (DTB) and the Kenya Post Office Savings Bank (Postbank), can now enjoy an easy and convenient way to send cross-border money transfers, with the launch of Western Union’s digital money transfer services on their respective mobile banking apps.
Information Technology Industry Development Agency partners with Plug and Play to launch Innovation Hub in Egypt
Plug and Play Egypt is scheduled to launch in November 2021 and will have an initial focus on Digital Transformation in Fintech, Insurtech, Energy, IoT, Mobility, Healthcare, and Sustainability amongst other industries.
The upgraded network will be used to support a wide range of broadband services carrying efficiently all telecommunication traffic, such as voice, video and data with full wireless and management redundancy, as well as backhauling the private TETRA network.
IBM partners with ACME SAICO and Egypt's Ministry of Supply and Internal Trade to automates wheat silos processes
IBM and business partner ACME SAICO, have announced the automation of 22 wheat silos across Egypt by the end of this year using IBM AI-powered automation software.
The African Export-Import Bank (Afreximbank) and AfCFTA Secretariat announced the operational roll-out of the Pan-African Payment and Settlement System (PAPSS), a revolutionary Financial Market Infrastructure to enable instant, cross-border payments.
Nomad Homes raises $20million to digitize residential real estate across Europe, Middle East and Africa
Nomad pairs technology with local customer service experts to equip home buyers with the confidence to buy their best home, resulting in the simplest, most customized home buying process from search, to financing, to signing.
The OPEC Fund is participating in Mauritius Commercial Bank’s (MCB) $1 billion syndicated term loan facility for an amount of $42.5 million.
ReelFruit, a premium dried fruit company known for its high quality nutritious snacks, announced a Series A investment of $3 million to expand production with new factory in Nigeria.
With industries such as energy, manufacturing, agriculture and mining contributing significantly to GDP, all of which are expected to grow exponentially with the increase in technology and investment, the country is well on its way to become a multi-sector giant.
Liquid Intelligent Technologies, a pan-African technology group, has been announced as a launch partner for Microsoft’s new Operator Connect for Microsoft Teams.
The capital will support the continued growth of the ICT sector in the continent, helping to boost development of necessary infrastructure and providing rural and underserved communities with access to affordable mobile connectivity.
This extension will bring the total length of the 2Africa cable system to over 45,000 kilometers, making it the longest subsea cable system ever deployed.
The new office covers the Economic Community of Central African States (ECCAS), composed of Cameroon, the Central Africa Republic, Chad, Congo, the Democratic Republic of Congo, Equatorial Guinea and Gabon.
Kenya’s President Uhuru Kenyatta has challenged global financial institutions to ramp up investments in agriculture as part of their support for African economies.
The African Development Fund approved a loan of around $116 million to the Tanzanian government to upgrade a 160-km Mnivata-Newala-Masasi road corridor in the southern part of the country.
UCLG Africa partners with 01Talent Africa to accelerate digital transformation in Africa through youth training
The UCLG Africa - 01Talent partnership aims to train more than 500,000 talents on the continent free of charge and according to the best global standards over the next 10 years.
Angola Cables, a multinational provider of global connectivity solutions has launched a Sales Partnership Programme giving service providers and vendors the opportunity to market a range of products and services such as IP Transit, Remote Peering, Cloud Solutions, IP Gamer and others in the rapidly expanding global ICT market.
Small cross border trade between Burundi and the Democratic Republic of Congo (DRC) is set to flourish after the two countries begun the process towards implementation of the COMESA Simplified Trade Regime (STR).
Emirates is the first airline to implement the International Air Transport Association's IATA Travel Pass solution on six continents as it rolls out this digital health pass to customers at all its destinations.
Nigeria has joined the World Logistics Passport (WLP) as a Hub, with the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) as the coordinating partner.
As part of this technical assistance program, IFC will support ACAPS in the development of a roadmap to accelerate the digital transformation of the insurance sector, and thus benefit from the rapid development of the digital economy. on the continent.
The collaboration sees the launch of a range of programmes aimed at improving access to education in a range of in-demand topics and with a key focus on diversity, inclusion and sustainable development.
Yabx, a fintech venture offering credit products across 12 countries in Africa, has announced the appointment of Eunice R. Gatama as Director for Africa Business.
TECNO Mobile recently established official security response center (SRC), a platform for cooperation and exchanges between TECNO and security industry experts, researchers and organizations.
Hilton has announced the signing of an agreement with Société Nouvelle des Cocotiers (SNC) to launch its upscale DoubleTree by Hilton brand in Cameroon.
African Asset Finance Company appoints Stephen Hackett as Senior Vice President of Structured Finance
African Asset Finance Company Inc., AAFC, a U.S.-based non-bank financial and equipment leasing firm, has hired Stephen “Steve” Hackett as Senior Vice President of Structured Finance.
[Kenya] AAFA formalizes relationship with KAM to promote economic growth in the apparel and footwear industry
The American Apparel & Footwear Association (AAFA), signed a memorandum of understanding (MoU) with the Kenya Association of Manufacturers (KAM), to collaborate on policy areas that are of mutual to its membership through joint advocacy.
The East African Business Council and East African Tourism Platform have signed a memorandum of understanding geared to market the EAC bloc as a single and most attractive tourist destination.
They have had to reprioritize technology spend to keep operations running through the pandemic, doing more with less to compensate for the financial losses of fewer passengers flying.
The Economic Commission for Africa (ECA) and International Chamber of Commerce (ICC) have jointly launched Centres of Entrepreneurship in Africa, under the theme, ‘Creating Livelihoods for Inclusion’.
The intuitive platform will enable better sourcing decisions, faster cycle times as well as streamlined data processes for enhanced collaboration and supplier relationships.
Hapag-Lloyd announced it opened its own offices in Morocco. With this additional presence in the country, the company continues to realize its growth ambitions in the most attractive markets of North Africa.
With the election, Onyema will serve on the WFE board for a 3-year term, representing Europe-Middle East-Africa (EMEA) region.
Chevron partners with Tristar Group to strengthen production and distribution of Caltex lubricants in East Africa
With the signing of this agreement, Chevron has strengthened its already growing presence in East Africa and entrusted its operations to AML as a licensee.
[Kenya] Cellulant, Ecobank and GAINDE 2000 partners with KenTrade to provide payment gateway to enhance service delivery
To offer efficient and robust services to their customers, KenTrade has entered into a consortium partnership with Cellulant, Ecobank and GAINDE 2000.
The African Export-Import Bank (Afreximbank) has committed to provide $500 Million to support Ethiopian commercial banks through the Afreximbank Trade Facilitation (AfTRAF) Programme.
Africa Finance Corporation (AFC), the infrastructure solutions provider on the continent, received a $100 million credit line from the Export-Import Bank of India (India Exim Bank) to develop the critical infrastructure required to rebuild Africa’s economies.
Prudential plc has partnered with Invest Africa, a trade and investment platform for African markets, to support the development Environmental, Societal and Governance standards.
Radisson Hotel Group, one of the world’s leading hotel companies, has set a record in its North African expansion, with the signing of nine hotels, to date this year.
Bloovo, the recruitment technology company specializing in the provision of AI-powered talent acquisition solutions has expanded to Egypt and the US markets with its wide portfolio of solutions and products
AfDB approves $50m multinational trade finance risk participation agreement facility for Standard Chartered Bank
The African Development Bank (AfDB), approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and Standard Chartered Bank.
The two parties will leverage the power of telecommunications, including 5G networks, to connect the unconnected and identify innovative use cases, as well as business models.
Interswitch partners with Codebase Technologies to enhance digital financial services offering across Africa
Digibanc™ SaaS, hosted by Interswitch, will enable financial institutions in West and East Africa with full front-to-back SaaS capabilities through a rapid and cost-effective deployment model, allowing true economies of scale.
This growth momentum is expected to continue in the medium term and reach pre-COVID-19 levels of 3.2 percent in 2023.
Qatar Financial Centre partners with Rwanda Finance Limited to boost new opportunities in both markets
Qatar Financial Centre (QFC), an onshore financial and business centre in the region, has signed a Memorandum of Understanding (MoU) with Rwanda Finance Limited (RFL) to facilitate initiatives that will promote the international development of both QFC and Kigali International Financial Centre.
UN unveils first regional online portal to bring together African countries with data and evidence on sustainable development
Measuring and evaluating progress on the Sustainable Development Goals in Africa became much easier as a group of regional UN entities launched the first online data portal that brings together statistical data harvested across all countries on the continent.
The African Export-Import Bank (Afreximbank) announced a minority investment by the Fund for Export Development in Africa (FEDA) into Liquid Intelligent Technologies (Liquid), a pan-African telecommunications technology group.
Dubai has emerged as a key export gateway for stationery goods which are in spiralling demand throughout Africa, according to a new report by market information advisory 6Wresearch.
Egypt’s Prime Minister, H.E. Dr Mostafa Madbouly, committed North Africa’s most populous nation to become the 32nd member of the region’s leading infrastructure solutions provider, opening up a potential $1billion of investments.
[Zimbabwe] Dubai Gold and Commodities Exchange partners with Victoria Falls Stock Exchange to boost commodities trading
As part of the agreement, the DGCX will extend technical support, knowledge, and skills to VFEX, with the ultimate aim of establishing an international commodities exchange in Zimbabwe.
This partnership will allow businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to receive payments via MTN Mobile Money (MoMo).
This partnership is set to boost East African companies and Small Medium Enterprises (SMEs) to take advantage of African Continental Free Trade Area (AfCFTA) through accessing a centralized source of due diligence information.
The office hosted at the Seychelles Investment Board (SIB) under the umbrella of the Ministry of Investment, Entrepreneurship and Industry is expected to promote programmes that integrate women into trade and development in the region.
GE Renewable Energy’s Grid Solutions business recently commissioned the first ever fully digital high voltage substation on the African continent in Thiès, 70 km from Dakar in Senegal.
This is the airline's largest weekly schedule to South Africa since the start of the pandemic, which aims to bring more competitive choices for customers wishing to visit Dubai, and through Dubai to the airline's network of over 120 global destinations.
The Global remittance and cross-border payments' transaction value is expected to grow from $37.15 trillion in 2020 to $39.9 trillion by 2026 according to a report by Research and Markets.
Launched more than 14 years ago in Kenya, M-Pesa is today available in Kenya, Tanzania, Mozambique, DRC, Lesotho, Ghana and Egypt.
Smart Africa has announced that Afriwave Telecom has become the latest private sector member of the Smart Africa Alliance. The organisations will work together towards the vision of transforming Africa into a single digital market.
Vertiv, fournisseur mondial d’infrastructures digitales critiques et de solutions de continuité, a annoncé aujourd’hui le lancement d’un hub d’un million de dollars au Maroc.
[Nigeria] IOMS launches model to provide integrated last-mile delivery services to the offshore energy industry
FlexDELIVERY disrupts the traditional model of high shore base startup costs, rentals and vessel time-chartered contracts by focusing on the service that is required by the energy industry – cargo delivery.
The Fund for Export Development in Africa makes its inaugural investment into Liquid Intelligent Technologies
This is the first investment made by FEDA, a development impact-oriented subsidiary of Afreximbank, which provides equity and quasi-equity funding to companies developing trade and value-added export of goods and services in Africa.
This Basel III compliant instrument is the first AT1 instrument issued by ETI and a landmark transaction in the sub-Saharan Africa region. The investment will optimize and improve ETI's Tier 1 capital by US$75 million.
Vertiv, a global provider of critical digital infrastructure and continuity solutions, has launched its million dollar hub in Morocco.
Africa’s carrier-neutral co-location data centre provider, Africa Data Centres has announced plans to build large hyperscale data centres throughout Africa, including the North African countries of Morocco, Tunisia and Egypt.